VTB has led the Prof-Media-backed video streaming service’s new round, which brought its overall funding to $434.7m.

Ivi, a Russia-based digital streaming platform backed by media group Prof-Media, raised $250m in a series D round yesterday led by financial services firm VTB.

Invest AG, an investment subsidiary of financial services group Raiffeisenlandesbank Oberösterreich, took part, as did Baring Vostok, Flashpoint Venture Capital, Millhouse and the Russian Direct Investment Fund (RDIF).

VTB will be the company’s largest shareholder after the deal, while Baring Vostok, Flashpoint and RTP Global will all join its board of directors.

Ivi has built…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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